According to a new report, published by KBV research, The Global USB Cable Market size is expected to reach $41.4 billion by 2028, rising at a market growth of 17% CAGR during the forecast period.
The Type B market is poised to grow at a CAGR of 17.2% during (2022 - 2028). These square-shaped plugs and receptacles, which are officially known as USB Standard-B, have an additional notch on top and are most readily identifiable on USB 3.0 Type B connectors. Plugs for USB 1.1 Type B, USB 2.0 Type B, and USB 3.0 are all physically compatible. USB 3.0 Type B plugs are incompatible with USB 2.0 Type B or USB 1.1 Type B receptacles, although they are compatible with Type B receptacles.
The Computer market is leading the Global USB Cable Market by Application in 2021; thereby, achieving a market value of $11 billion by 2028. Two to four USB ports are typically located in the front and two to eight are located in the back of a desktop computer. On the left, right, or both sides of a laptop computer are one to four ports. The charging port in a tablet incorporates a USB port, often a Micro-USB port sometimes a USB-C port as well.
The Commercial market would showcase a CAGR of 17.2% during (2022 - 2028). The provision of USB as data cables, or charging cables or as plug-in devices is spurring the growth of this segment. The advent of technological devices especially those made for entertainment purposes are the major driving factor of this segment. The presence of USB plug-in devices and the availability of USB-OTG has further boosted the use of USB cables in the commercial industry.
The USB 3.x market shows highest market share in the Global USB Cable Market by Functionality in 2021; thereby, achieving a market value of $16.4 billion by 2028. USB 3.2 Gen 2x2 is also referred to as USB 3.2. Devices that comply with its specifications may transfer data at a rate of 20 Gbps (20,480 Mbps), or Superspeed+ USB dual-lane. USB 3.2 Gen 2 was previously also known as USB 3.1. This version's compatible devices can send and receive data at a rate of 10 Gbps (10,240 Mbps), or "Superspeed+."
The Type B market is estimated to grow at a CAGR of 17.2% during (2022 - 2028). These square-shaped plugs and receptacles, which are officially known as USB Standard-B, have an additional notch on top and are most readily identifiable on USB 3.0 Type B connectors. Plugs for USB 1.1 Type B, USB 2.0 Type B, and USB 3.0 are all physically compatible. USB 3.0 Type B plugs are incompatible with USB 2.0 Type B or USB 1.1 Type B receptacles, although they are compatible with Type B receptacles.
The North America market dominated the Global USB Cable Market by Region in 2021; thereby, achieving a market value of $13.8 billion by 2028. The Europe market would exhibit a CAGR of 16.5% during (2022 - 2028). Additionally, The Asia Pacific market is experiencing a CAGR of 17.4% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/usb-cable-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Panasonic Corporation, Sony Corporation, Nikon Corporation, Eaton Corporation PLC (Tripp Lite), Samsung Electronics Co., Ltd., Bose Corporation, Xilinx, Inc., National Instruments Corporation (Digilent, Inc.) and Future Technology Devices International Limited.
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